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Committee backs in‑kind Deloitte help to identify federal 'direct pay' tax credits for city projects

San Francisco Board of Supervisors Budget and Finance Committee · September 25, 2024
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.

Summary

The committee forwarded a resolution accepting up to $112,000 in pro bono tax consulting from Deloitte to help the city identify projects eligible for federal direct‑pay (tax‑credit equivalent) payments under the Inflation Reduction Act.

The Budget and Finance Committee on Sept. 25 voted to forward to the full Board a resolution allowing the Department of the Environment to accept in‑kind pro bono tax services from Deloitte Tax LLP valued at up to $112,000 through May 31, 2025.

Department staff described the federal "direct pay" program as a…

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